INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Metal mining stocks were seen under pressure in Tuesday's trade, following over 8 per cent fall in aluminium on Monday on news
that the United States has extended the deadline for companies to wind down business with sanctions-hit Russian producer Rusal.
The Nifty
Metal index was trading 2.55 per cent down at 3,763.2 around 10:15 am (IST)
Aluminium majors NALCO (down 9.13 per cent) and Hindalco Industries (down 8.06 per cent) were the worst hit
Shares of Vedanta (down 3.36 per cent), Hindustan Copper (down 2.48 per cent), Jindal Steel Power (down 1.72 per cent), Hindustan Zinc
(down 1.67 per cent), Tata Steel (down 1.53 per cent) and Steel Authority of India (SAIL) (down 1.38 per cent) were also facing the heat of
Meanwhile, shares of APL Apollo Tubes (up 0.51 per cent) and Coal India (up 0.47 per cent) were trading with mild gains
Benchmark NSE Nifty50 index was up 16 points at 10,601, while the BSE Sensex was up 126 points at 34,577.
Among the 50 stocks in the Nifty
index, 30 were trading in the green, while 20 were in the red
YES Bank, Lupin, ICICI Bank, Adani Ports SEZ and Dr Reddy's Labs were among the top gainers in the Nifty index.
However, Hindalco
Industries, Vedanta, Wipro, Bharti Infratel and Tech Mahindra were among the top losers in the index.
